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The Stock Market is designed to transfer money from the Active to the Patient.

Warren Buffett

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Warren Buffett
Age: 94
Born: 1930
Born: August 30
Entrepreneur
Financier
Investor
Shareholder
Omaha
Nebraska
Warren Edward Buffett
Stock
Designed
Investing
Patient
Active
Market
Wealth
Transfer
Money
Transfers

More quotes by Warren Buffett

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If you look at the Forbes 400, they are paying a lower rate, accounting payroll taxes, than their secretary or - whomever around their office.
Warren Buffett
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I don't think it would be crazy to have a model or an entity model on the Reconstruction Finance Corp.
Warren Buffett
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I view derivatives as time bombs, both for the parties that deal in them and the economic system.
Warren Buffett
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I look at everything. That's my job. I really do, every day. I think about everything.
Warren Buffett
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In the 20th century, the United States endured two world wars and other traumatic and expensive military conflicts the Depression a dozen or so recessions and financial panics oil shocks a flu epidemic and the resignation of a disgraced president. Yet the Dow rose from 66 to 11,497.
Warren Buffett
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It is not necessary to do extraordinary things to get extraordinary results.
Warren Buffett
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We've long felt that the only value of stock forecasters is to make fortune tellers look good. Even now, Charlie and I continue to believe that short-term market forecasts are poison and should be kept locked up in a safe place, away from children and also from grown-ups who behave in the market like children.
Warren Buffett
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The best thing that happens to us is when a great company gets into temporary trouble...We want to buy them when they're on the operating table.
Warren Buffett
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House prices just soared beyond - beyond reason in many places and they got financed in silly ways, and people lied about loans, all kinds of accesses entered into it. But that is what - that is the single biggest cause of why we're here.
Warren Buffett
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It takes 20 years to build a reputation and five minutes to ruin it. If you think about that, you'll do things differently.
Warren Buffett
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The nature of democracy is such that when there's - there'll be revulsion, obviously, towards - that's never going to happen again.
Warren Buffett
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The truth is, everything that has happened in my life... that I thought was a crushing event at the time, has turned out for the better.
Warren Buffett
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The truth is that I've got all my net worth safely in Berkshire and I will never sell a share so there is no one more concerned about what happens after my death than I am.
Warren Buffett
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With enough insider information and a million dollars, you can go broke in a year.
Warren Buffett
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Basically, the single-most important decision in evaluating a business is pricing power.
Warren Buffett
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Knowing the edge of your competency is important. If you think you know more than you do, you will get in trouble.
Warren Buffett
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If you don't feel comfortable owning something for 10 years, then don't own it for 10 minutes.
Warren Buffett
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I never buy anything unless I can fill out on a piece of paper my reasons. I may be wrong, but I would know the answer to that ...I'm paying $32 billion today for the Coca Cola Company because... If you can't answer that question, you shouldn't buy it. If you can answer that question, and you do it a few times, you'll make a lot of money.
Warren Buffett
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I've seen more people fail because of liquor and leverage -- leverage being borrowed money. You really don't need leverage in this world much. If you're smart, you're going to make a lot of money without borrowing.
Warren Buffett
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If you want to soar like an eagle in life, you can't be flocking with the turkeys.
Warren Buffett